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tv   [untitled]    April 12, 2012 2:00pm-2:30pm EDT

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the first ceasefire in over a year of violence between syrian forces and armed rebels comes into force following a u.n. deadline meanwhile russia says the security council could approve sending an observer mission to syria as soon as friday. out of the frying pan and into the red probably payday loan companies small foreign crippling interest rates are replacing banks and debt ridden britain for people looking for a cash flow quick fix. and as egypt's first presidential campaign since mubarak's fall gathers pace there's criticism about the country it could well end
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up with a dictator as its leader oh good. now it's time to return to our washington studio in the first part of the i'm going to show we uncover what lies behind big banks lending to troubled borrowers. book of the alone a show or get the real headlines with none of the mersey we're going to live in washington d.c. now tonight we're going to speak with richard a big bank lending a troubled borrowers again so is that a scary sign the banks think that things are so good that they're returning to their old practices then a wall of violent crime falls the killing of officers is on the rise that's a new york times reported this week but we're going to point out a few statistics that they missed with reasons mike raids and a ninth circuit court ruled that you cannot be locked up just for going on facebook
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or your work i probably didn't even think that was possible we're going to tell you about the very broad language in the computer fraud and abuse act we're going to have all of that and more for you tonight including a dose of happy hour but first take a look what the mainstream media has decided to miss. last night the best and brightest of the republican party joined former president george w. bush at the bush institute's conference on taxes and economic growth and york city defended you guessed it the republican economic vision and following a speech by himself new jersey governor chris christie took the stage with a rousing speech on the country's future and shocker the media ate it right up. chris christie saying that we have a big problem in this country saying that we are essentially in some ways becoming
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a nation of how much potatoes are. less optimistic in my lifetime in this country and people wonder why we're going to play the sound bite from romney surrogate chris christie because he took the president's politics with a one two punch let's listen. we're turning. turning his stick and title in society to have a bunch of people sitting in the carriage for the next government check. so it's interesting president obama is going to be he's going to be holding a little news conference is going to be sitting down with millionaires and their secretaries to push the buffett rule and mitt romney is going to go to what kinetic hit well now that is some strong words from governor chris christie with you. this assessment of our society bob mcdonnell is here all right. now republican governor from virginia governor bob mcdonnell jon meacham and luke russert are back at the
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table governor good morning welcome back but you're going to be any amounts where i am. now all those little snippets were enough for the media to bite into the real meat of the speech which fell on any longer but they played on c.n.n. . that just bankrupt us financially it will bankrupt us morally because when the american people no longer believe that this is a place where only their willingness to work hard and owner and integrity and ingenuity determines their success in life they will have a bunch of people sitting on a couch week for the next government check. now you'd think the media would have listened to that clip and said wait a second those statements don't really add up in fact they're just not true but instead they did what they do best latch on to the story in the sound bites of the
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most superficial way possible and then just run with it and christie just made it too easy he knows that saying that americans are turning into couch potatoes growing around words like paternalistic in title meant society was practically media catnip and so he got his headlines he got is throwing punches metaphors cementing his reputation as the only guy who can take on the democrats and the mainstream media world this just becomes another i think battle between left and right away to get people psyched about the presidential race a tit for tat obama hits the republicans with the buffett rule but not to worry christie will hit him right back forget about what these proposals actually me with the broader implications would be for society it's all about the he said she said so in the end christie got what he wanted and the networks not what they wanted the only people who didn't win in this equation are the viewers because the media just regurgitates christie's talking points without an ounce of skepticism for some reason the media's totally content to let christie say that the only true way to get ahead in the united states is to work hard and to quote act with honor and
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integrity i think it's pretty clear to millions of americans that that isn't exactly the case when they take a look at who is successful in the united states who makes the most and who has the most influence in washington who are often the not not those who acted with honor and integrity but those who have acted with such a little integrity that they brought down the entire u.s. bill these are world economy they took a bailout of taxpayer money and now they have the audacity to argue against any regulations in the aftermath and it's all discussed later in the show tonight wall street is that of again they're lending to people with bad credit and dipping right back into the subprime lending arena possibly go wrong but the thing is there are americans out there that are angry americans that realize that this kind of rhetoric is complete. yes occupy wall street they get it the tea party they guy at least at first so why can't the mainstream media understand why they insist on letting politicians like chris christie pander to the american people as we've
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we've all heard about the last couple of years as if the american people are that dumb that they think that it's only hard work and integrity will make everybody successful in america when so much of the evidence contradicts that when so much of the evidence in fact proves that it's the biggest cheaters that are getting away with all the cash and you know it's really interesting because the media does bear spent a fair amount of time talking about the crisis of unemployment they dutifully report on all the jobs numbers each week each month how in the last couple of months even been reporting the real unemployment rate the you six which now stands at fourteen point eight percent but when looking at the employment numbers the mainstream media feigns a little piece of compassion about how it's the economy not just that millions of people are lazy but then when crissy called the millions of unemployed government parasites and couch potatoes and those who are successful piquancy of integrity well they just can't be bothered to muster so much as a question as to how the hell that's supposed to add up and that's of the mainstream media chooses to miss.
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oh great news everybody the economy is picking back up so much so the banks are feeling good enough to let those of bad credit borrow again that's right the same practices that got us into a financial crisis are now making their return cording to the new york times capital one and g.m. financial are some of the companies that are trying to woo troubled borrowers even those who recently emerged from bankruptcy and are using slogans like we want to win you back as a customer h.s.b.c. and j.p. morgan chase are meanwhile reportedly tiptoeing back into subprime lending and credit card lenders gave out one point one million new cards to borrowers with damaged credit in december which was up twelve point three percent from the same month a year earlier and that's all according to equifax so how do we look at this is it about time the banks stop sitting on piles of cash start lending again or are the
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people at their recording the exact targets that should be avoided joining me from our studio in los angeles is richard esko senior fellow at the campaign for america's future richard thanks so much for joining us tonight and so what do you say is this a sure sign of the banks are feeling good again well they've been feeling good for a long time the question is how do they translate that into making more money you know they're running out of opportunities to say very low interest loans from the federal reserve and just flip them they're looking for other places to go they're moving back into the markets that they got in big trouble playing around with before we have no evidence they're going to be any smarter or fairer more honest this time around so it was inevitable at some point that they would do this from here they are. that's the thing though right as if specially if you read this piece of the new york times about it when i try to speak to some of them as they're promising that this time around they're being much safer there much smarter about
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about everything but you know we've been talking about united stuff in about it many times before about some of the problems and things have just been sitting on cash you know and that's what has kept the economy so stagnant but at the same time now they're getting that cash out and you know who we ultimately want them to be giving it to amending it here well and who should be there giving it output they're going to want it back plus a markup so the question is are we seeing the banks want to get you know what we're seeing now in new york times talked about this these these advertisers going out with your business back we want to lend you money well that's what they did on an enormous scale leading up to two thousand and eight and then when everything collapsed because of their behavior and nobody could pay back the money they owed because they didn't have jobs or their wages were stagnating they blame the borrowers and now they're back to seducing people again into borrowing money and when they crash the economy again no blame the borrowers again it's the old game
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but should we then hold ourselves accountable you know should the consumers the people that are being courted by them should we know better and realize that we can't be addicted to credit and also think about what happened in the past. well i think in terms that you know we have to be careful or sure we shouldn't be a good to great credit we should borrow a lot less but remember the kinds of people they're targeting now a lot of them are in such desperate economic shape that right now they're going to payday lenders a lot of which are also being financed by the big banks or other you know getting themselves in terrible situations just to make ends meet just good food on the table or pay the rent so i think that yes we shouldn't be seduced by the same the same bunch of bastards that took us around the bend last time around but we've also got to be aware that a lot of people are struggling and we should be setting up reasonable you know financial programs to help them out so what would you suggest that as an
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alternative for these people that really did get in trouble right and these people in one thousand coming out of bankruptcy what's a better path for them to take well you know the state of north carolina for example had a great program put together to replace payday lending with other forms of community banking you know i think it's hard to find an individual individual solution on a family by family basis right now so really it's up to the rest of us to push and encourage community banking and more responsible local and state laws and programs to help people out because you know it's a problem of our entire society in our society has got to work with people who are in trouble to help them out i'm curious about one more thing which is that the market for security is a bundled on allowance and is apparently growing at a huge rate investors bought up eleven point seven billion dollars last year and again we're hearing the same thing is that going to cancel the mortgage lenders as they did know those guys you know what they were doing that when it comes to the
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auto loan lenders you know these guys have been around the block they're really smart this is much more safe not as risky what's your take on that. the auto loan business is a cesspool it is so bad there's absolutely no underwriting going on a big chunk of those loans are being written by the car dealer who makes a big market on it so you think he's going to do due diligence on whether the buyer really has the money to pay the loan back or not it's a mess it's going to explode i want to switch topics to since we've been hearing so much lately about fairness in our system about taxes in our system right as we can oftentimes say the president is out right now trying to sell the buffett rule and then have his bit of information two years ago or now and in two thousand and nine i guess three years ago now and i.r.s. said that they were going to form a new group new group or are there is and they would direct their attention this is what they called the group a so-called global high wealth individuals and these are people that make tens of
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millions of dollars that have all their money in volved and such complex financial deals that you don't know of course there's a lot of other offshoring going on and so they said they're going to create a special group of auditors to look into this group of people turns out that since two thousand and nine they've only audited twelve to eighteen people in this category since then and you know a regular working class family with kids they get out of it at twice the rate so what gives. well as idiotic eight you know it's politics it's that these global high net worth individuals are also high net campaign contributors think about it you know one adjustment on the return for one of those folks would pay for tens of thousands maybe hundreds of thousands of other rod it's in terms of what might be found in irregularities the fact that they're not even bothering and they're concentrating their fire power on small business people and families and so on not it's economic insanity is just economically responsible but it shows that the power
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of the wealthy still government ates whichever party is in power even when it comes to something like the i.r.s. they need to be put under pressure the administration needs to be put under pressure to really enforce the laws that are on the books so how do you think the president's down to prove them too of course what do you think of his job so far in trying to sell the buffett rule well you know the buffett rule like so many things with this president it's better than what would a lot better than what we have now but it's it's better than nothing i mean maybe that should be the new campaign slogan but it's certainly now we should remember in this country's greatest years of prosperity we had top tax rates of fifty seventy sometimes even ninety percent for the super wealthy and now all we're saying is that we are in both it shouldn't pay more than his secretary so she pays twenty eight percent he should at least pay twenty eight percent you know it's better than nothing but. it is a good politics i don't know it's probably better politics than nothing but as the
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economic policy it's better than not. wealthy if they are here and have him look at it and take your advice they are entering think about bridges are in that act democrats. still to come that i have florida governor rick scott veto a popular law just keep his donors happy and we'll speak to reasons my phrase about reports of rising numbers of police being killed by the headlines telling the truth on the record. there hasn't been anything yet on t.v. he. used to get the maximum political impact on.
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the full source material is what helps keep journalism one of the reasons. we wanted to visit. something else. but it comes to drug offenders the sunshine state is taking a hardline approach on the issue for decades in the ninety's and the state was experiencing a crack cocaine epidemic the state passed an eighty five percent rule and that save the bills in florida those sentenced to prison in florida who committed their crimes after october first of one nine hundred ninety five will serve a minimum of eighty five percent of their sentences this applies to all inmates regardless of the type of crime they committed and the rule applies to all of penders with state lawmakers have been working hard for years to come up with a new approach and state senator allen bogdanoff introduced a bill that would send certain nonviolent drug offenders to
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a treatment facility that's run by the corrections system and that's once they finish serving half of their sentence so this bill got over whelming support in fact it passed one hundred twelve to four in the house passed unanimously in the state senate so once again overwhelming support and then it reached governor rick scott's desk and that's where it was vetoed scott said his veto was all for public safety and a message he went on to say justice to victims of crime is not served on a criminal is permitted to be released early from a sentence imposed by the courts this bill would permit criminals to be released after serving fifty percent of their sentences thus creating an unwarranted exception to the eighty five percent rule interesting because what rick scott calls an unwarranted exception to a draconian law and it seems all the other lawmakers in florida called a smart humane policy change last profit official reason was public safety which is also b.s. i'll just tell you a little something else which may have influenced his decision if all about the
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benjamins by which i mean private prisons and february we told you about how the state was looking for ways to fight their growing budget woes and so they thought that they found a solution and privatizing twenty percent of their prisons governor scott was swayed by private prison lobbyists and they explain how privatization would say florida's caused by seven percent. maybe like the. we spend actors like. the and that's a situation where there's the real it will happen as we lead stated least seventy percent. of my day status it says a pretty big deal and it was a large so i think it would be a mistake we don't think there's an exit. so it's all politics and don't forget we had numerous conversations on this show we show you reports of show new studies and of which can prove that the idea of a private person save states money well none of them from prove it now in fact in some cases they've ended up costing the taxpayers more and don't think of it i have
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certain gimmicks a person leaves either an iq asperin explain to us those cost saving moves have everything to do with who's getting locked up. we know her shoes which inmates they take into their private prison system they make sure that the teeth in house the prisoners prisoners that you not have any mental health issues so what happens is all of these private prisons get a healthy nonviolent prisoners that doesn't cost very much money to take care of and then the state gets left with the ill prisoners that the taxpayers have to spend a lot of money on. and the truth comes out the prisons try to save cost by locking up those who are the smallest threads which in this case could be nonviolent drug offenders so of course the prisons don't want to lose their well behaved prisoners that would throw off all of their stats or privatized more in the future but the lobbyist who work hard to get on the good side of florida politicians and fact think yo group one of the biggest private prison lobbying firms they have been
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a very generous donor to the florida g.o.p. thousand and six they gave a million dollars to the state republicans in two thousand and ten they are one of the top fifteen contributors to the florida republican party and campaign finance records show that the c.e.o. gave a lead in grand. eleven grand directly to the campaigns of fourteen out of the twenty members on the budget committee who also happen to approve the privatization bill how convenient right right before rick scott becomes governor so it's funny how it all comes down to money and from the looks of it the lobbyist already been trying to camouflage their moves the blatant corruption is the norm in florida and as long as the lobbyists are stuffing the pockets of people like rick scott he's going to do what's best for that now for the people that really need help and since scott's show it where is priorities lie we can only hope that when the state legislature reconvenes to override that veto. our headlines go a long way and so if you've been reading the new york times this week you might think that we've turned into
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a society where police with cop killers are able not the headline read even as violent crime falls killing of officers rises highlighting a disturbing trend the article mentions statistics compiled by the federal bureau of investigation and that's up to six show that seventy two officers were killed by perpetrators in two thousand and eleven which is a twenty five percent increase from the previous year and a seventy five percent increase from two thousand and eight and i p v commissioner raymond kelly told the times that we have not seen a period of this type of violence in a long time but the thing is are we getting the whole story about the other side like the billions killed by police and home stories like this a political discourse even our legislation here to discuss it with me is mike riggs associate editor at reason magazine and reason dot com three hundred i think you're ok so this story came out of a number of people you wrote about it about the balco also took a look at it and it just seemed like maybe some of the statistics don't necessarily add up so what can you tell us about it well i mean the i think maybe the first
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number i looked at was the whether or not this was significant is this as a cause of death is this even statistically significant as in terms of it's increasing if you look at i think it was fifty six to seventy two over the course of a year that is less statistically significant it's less of a change in percentage than the number of people killed by what been caught between two thousand and two thousand and ten which is incredibly rare disease the number of people killed by and suffer like this which is you know disease in the number of people killed by i can route the last one but there are basically just these three like really small rare diseases that you would never think about front page on the new york times or sort of talking about as any sort of like dangerous or alarming trend and it's the same with police officers i mean that's just not a significant change it's not even a significant proportion of the number of police officers we have in this country as of two thousand and nine which is most recently available that we have there was one million. one thousand law enforcement officers in united states seventy two of them being killed is not ten percent it's not one percent it's not even point one
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percent i mean so this is completely completely insignificant it's unfortunate but it's i am sure that is what i always i believe that really small communities and small communities affect those communities and small the police departments that a lot of times will make them you know it can make them more aggressive it can make them scared to do their jobs and make them feel secure in their communities you know it can be it can be devastating so i'm not trying to downplay that aspect but this idea that it's alarming trend that we have this wave of lawlessness or that anything as your emblem says that there's one police is just totally bogus and then the complete flipside of this is a new york times could have somehow buttress that story with other statistics like the fact that the only year that we have available data for violence or for deaths caused by police officers of civilians only or with that we have data for that overlaps with that including time study is two thousand and eight and in that year ten times more civilians were killed by police and police officers were killed by perpetrators that would have gone somewhere in the new york times story which was
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why do you think it is then that i mean you know clearly. police are being killed while they're out in the line of duty is not a good thing and i think that's something that should be discussed but then why is it that is the headline first is the fact that you have civilians at ten times the rate being killed by police officers i think the real reason is that law enforcement is a public interest group like anything other than not angels they're not gone terry job they have interests they'd like to protect like to increase their funding pensions to worry about i mean this is this is an interest group just like any other industry so the reason this the reason i think the times picked this up is because the f.b.i. promotes this they're saying like a look at these numbers if you look at the great down that the f.b.i. published on their website and again it's for two thousand and eleven you can't find data that fresh for civilians we need to find for civilians there. down is much much simpler these civilians like this amount of civilians were killed overall this was killed by gunshot and this was killed by something else i mean that's it
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those are the categories you get the f.b.i. on the other hand published first of all these different words they use killed they use lay you've gone down these all these in their press releases they broke down the number of officers that were killed in big towns small towns the kind of criminals well it was used with a gun whether use a knife what kind of police activity was going on these murders happened i mean this is to say not to be crude it was a publicity stunt you're going to but it's interesting that you point all that out here right because it seems like they're being like they really have it all broken down into every little area and yet they don't have anything to attribute to as the cause they can't say that more police officers are being killed in line of duty because of a or because oh no. now you know but that's where the problem lies then do you think because you know the reason we're even talking about this i think is that because when you see these things in the headlines then you start seeing people in the media say if there's a war on police and then when it becomes a part of the political discourse there we see you know new policies and i see new
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slavery in and acted and you know i just feel like that's a little dangerous no but you know i may want to be change policies if they don't know what i mean problem is this is this is sort of where it gets tricky i mean this sort of extrapolation we've seen with crime rates people have tried to make the case that the economic depression is caused crime is sort of been debunked but yeah i mean this is an opportunity sit down and say ok if the f.b.i. and law enforcement agencies want to make this an issue let's talk about all the issues because obviously what law enforcement agents care about is increased funding and increased staffing they want better guns better protection more cops on the streets well you know if you're if we're going to talk about all the possible options on the table you can look at the case in ogden utah from earlier this year in which a man who was growing marijuana who stood in an arcade on his home he became incredibly scared and he killed several of the officers well i mean how do we talk about the fact feel like we simply software's in the people's homes at the crack of dawn without announcing themselves their justice paramilitary so. there's they're carrying assault rifles they go into homes with children with dogs they open fire they throw flash bang grenades so if you want to talk about all of the possible
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policy changes we can make to make law enforcement safer to make the actual police officers safer let's maybe talk about not treating them like armed gangs and breaking at home peoples homes and all the night destroy their property and kill their pets i mean so there's a whole array of options unfortunately because of you know groups like reason or sort of a minority and calling for like a broader discussion of this kind of thing and the new york times on page one doesn't bring up any of this other stuff i mean there is absolutely nothing in the new york times article about what the policy implications of this are or about the number of civilians killed nothing it was just it was a repeated f.b.i. press releases and. probably do you think we might see any of this then try to be used against you know popular movements the way that we see right now you know that's already going on the other way this is the tea party was like that but you see the way that chicago is preparing for the g. eight which now is in the yeah yeah i mean yeah and if we do you could definitely see i mean this kind of stuff i think it's just becomes one more datapoint along
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for the local governments state governments to use when they're trying to argue that they should have more funding the people should have fewer rights and there should be harsher penalties for basically minor infractions that occasionally force in officers getting harmed so i don't think that it'll this one datapoint will become the spearhead for any larger push and michael thanks for joining us thank you. so now they're just have you said it i read it and then we'll speak with politico's josh gerstein about a court decision that should have a working americans breathing a sigh of relief all that coming. today violence is what's.


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